Treasurer of the State of North Carolina Purchases 340 Shares of ATI Inc. (NYSE:ATI)

Treasurer of the State of North Carolina lifted its position in ATI Inc. (NYSE:ATI) by 0.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,250 shares of the basic materials company’s stock after acquiring an additional 340 shares during the period. Treasurer of the State of North Carolina’s holdings in ATI were worth $2,986,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ATI. ORG Wealth Partners LLC purchased a new position in ATI during the fourth quarter valued at $25,000. Mainstream Capital Management LLC bought a new position in shares of ATI in the 4th quarter worth about $94,000. EverSource Wealth Advisors LLC lifted its position in ATI by 20.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company’s stock valued at $95,000 after acquiring an additional 288 shares during the period. Smartleaf Asset Management LLC boosted its stake in ATI by 236.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company’s stock worth $132,000 after acquiring an additional 1,690 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in ATI by 137.7% in the fourth quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 1,516 shares during the period.

Insiders Place Their Bets

In other ATI news, SVP Tina Killough Busch sold 9,900 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $66.41, for a total value of $657,459.00. Following the transaction, the senior vice president now directly owns 25,994 shares of the company’s stock, valued at approximately $1,726,261.54. This trade represents a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.71% of the stock is currently owned by insiders.

ATI Trading Down 3.2 %

ATI stock opened at $45.73 on Thursday. ATI Inc. has a one year low of $39.23 and a one year high of $68.92. The business’s fifty day moving average is $53.39 and its 200 day moving average is $56.87. The stock has a market capitalization of $6.45 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32.

ATI (NYSE:ATI) last announced its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.19. ATI had a net margin of 8.43% and a return on equity of 21.16%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm posted $0.64 EPS. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, sell-side analysts predict that ATI Inc. will post 2.89 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on ATI. Susquehanna boosted their price target on ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a research report on Wednesday, February 5th. Barclays boosted their target price on ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. StockNews.com upgraded ATI from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Benchmark upped their price target on shares of ATI from $80.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $75.00.

ATI Profile

ATI Inc produces and sells specialty materials and complex components worldwide. It operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, metallic powder alloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts.